Back to school along with low gas cost seems to have created a lot of buyers. Yesterday, Target had every checkout lane open with a line to check out that stretched 3/4 of the way down the length of the store. To get a cart, I had to go out to the parking lot & wait on someone to unload theirs. I was there for a couple of hours buying stuff & it was like this the entire time.
The chart actually looks worse than it did when Yellen said bad stuff about biotech, which took XBI down about 30%. That was a two month decline with most of the decline coming in the second month. I think general market uneasiness led to a quicker start to this decline, but it will easy up although still going down as much. I lost a little & got right out - I'll patiently wait for the next month.
I don't see where this restructuring actually does anything. The stock may hold $690 or so on hope, but that's all right now.
Another investor that buys high & sells low. I've hated on Apple plenty on this board, but with share buybacks, dividend increases, inclusion in the DJI/S&P 500 the stock's move in reaction to things should be more muted. However, a lot of small investors continue to trade this based on emotion as the stock used to trade. A decline like this is just too good to pass up, so I've started buying.
Thanks, I was going to check that. Checking analyst reports on TDAmeritrade & most currently show it as a sell.
Honestly, the chart looks pretty weak as it's in a weak down trend & I don't see any reason to buy just yet. Because it is weak, the next overall market spasm could push it to $110, so I'm waiting.